National Republican., 1887-11-04
DEPRESSION IN STOCKS.
Buying to Cover shorts and Selling to
RealiZ- Profts.

Realize Profits.
NEW YORK, Nov. 3.-The stock market
to day was much less active and not so
strong as that Of yesterday, ana free reali.
zation on the limited demand left prices
somewhat lower for the day. Its move
ments closely restmbled those Of, yesterday
though the weakness OF the opening prices
was not made UP at the close. The news
Of the day was not Of character TO have
much effect upon values comprising prin.
cipally the old stories OF rate cutting In the
northwest and the approval OF the North.
ern Pacific third mortgage.
There was little In the market outside.of
the professional operations, the buying be-
ing chiefly to cover shorts aud the selling
to realize profit, both being scattering
After the advantage at the opening there
was some attempt made to depress prices
still further, and Missouri Pacific was again
selected as the special object OF attack.
The effort, however, met with little success,
and the stock was afterwar. remarkably
strong.
The opening was quiet and weak at de-
cliDes from last evenings final figures ex-
tending to per cent, and further small
losses were sustained In the early dealings
The market quickly rallied aud under the
lead OF Missouri Pacific was carried up to
from to per cent, above the opening
figures Extreme dullness then became
the only feature OF the dealings and prices
fuctuated within very narrow limits, a few
of the more prominent stocks monopolzing
the entire interest In the market. Heavlness
appeared toward p. m, and later the
downward movement gathered force and
by the close of business prices were down
TO, and In some cases, below those OF the
opening,
Money on call has been easy, ranging
from 3 to 4, last loan at 81, and closing
offered at 81. Sterling exchange f. dull but
firm. Actual business at ASIA to 4s2
for 60dny bills and 4S5l to 4S5i for demand
Posted rates 1924 to 4s6l. Government
bonds dull and steady. State bonds en-.
tirely neglected.
Treasury baances-Coin, $l32, l76, ,o5s;
currency, $l1,Si5,77s.
The following ware the closing bid quota
TONS
n;, ;as, l2G9i; n COUP. 1857; Pac. ssof,s5, Isl;
Las Last cons sS sS Ss Mo- 1867 & of 81 lo n S0tS e. CON- tSi
g. i5S; do a0 IS. as ,lois RD''Sss Do. IS, 7SE; nS%
s xG cen Ss fsc s rs Ge f5 nat peuvsp sqnpSa saa
Rio Grande firsts, 70; NJ. X, and T., gen 6s, s01
do. 5s, Ggl4; Northern Pac. frs,s, 1875; do.
seconds; 9' ;o N9Ithwesern cons; iS6; DO
Paul con-, 1875; st. J. Chicago, and Pac. iirsts.
49, Southern Pao. nrsts, 1885, I. p. r. @. & O.,
6bL; Northern Pacihc list, lll1s; West Shore
g21; Adams Express, 1i0; Alton and T. H.
go; do. pId,, o5oi Am; Express; los; Bos. Air
Southern, 5i,4; Canton, 800; Cen; pac,; 20;
Ches. and Ohio 81; Chicago and Alton, 1881;
land and Col 5l%; Con. Coal, .; Del. and
Hud. l02; Del. Il Lack, 1875: Den. Il Il, c.,
221s Erie, 27]4 do. pfd ;621S; Fort Wayne, laSy5i
Lake lake. shore, SS35; III: and :, Nash, ISL;
n; & l. id6: Mich. Cen, S7l4; Mo. Pac:'
So; Mob and O.. 10; Mar and E., "lSG;
Western pfd. Sb34 Northern Pac., 2lla; do pfd. q,
45; Northwestern, l075s; DO. ptd., 1907; N.
Y. Cen, 1864; Chicago ard 81. L., l5l5; do.
pfd., 2S; Ohio and Miss, 23l3s; do. pfd., s.;
Oregon Nav, s9.i; pGe; Mail, ,83; Pitts
burg, ISL: Reading, G3lI: Rich. and Allie, 3;
Rich. and W. p. Ter, 25l4; Rock Island, ll2
St. louis and San. Fran, "a; do. pfd.,
$50; do. first pfd,, no; St, Paul, 72lSj do pid
C;,and L., 2g'4; Texas Pac., q; Union Pac,,
4S1g U. X f6s: Wab. Pac.,. l6lS do pfd., %
Wells Fargo 127; West Union, 77IS; Silver
Certificates, !96A. Cotton OIL Trust, 81 Quick
silver. 5i4; do ptd.. 25.
~Asked. fEX-int